Sheaff Brock Investment Advisors LLC Has $244,000 Position in SRC Energy Inc (SRCI)

Sheaff Brock Investment Advisors LLC held its stake in SRC Energy Inc (NASDAQ:SRCI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,192 shares of the oil and natural gas company’s stock at the close of the 2nd quarter. Sheaff Brock Investment Advisors LLC’s holdings in SRC Energy were worth $244,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas boosted its holdings in shares of SRC Energy by 3.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock valued at $104,000 after buying an additional 502 shares in the last quarter. Texas Permanent School Fund boosted its holdings in shares of SRC Energy by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 146,626 shares of the oil and natural gas company’s stock valued at $987,000 after buying an additional 1,336 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of SRC Energy by 3.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 47,380 shares of the oil and natural gas company’s stock valued at $319,000 after buying an additional 1,670 shares in the last quarter. Denver Investment Advisors LLC boosted its holdings in shares of SRC Energy by 7.4% during the 2nd quarter. Denver Investment Advisors LLC now owns 46,746 shares of the oil and natural gas company’s stock valued at $315,000 after buying an additional 3,210 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of SRC Energy by 0.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,552,481 shares of the oil and natural gas company’s stock valued at $10,448,000 after buying an additional 4,354 shares in the last quarter.

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A number of analysts have recently commented on SRCI shares. Credit Suisse Group restated an “outperform” rating and set a $10.00 target price on shares of SRC Energy in a report on Friday, June 2nd. BMO Capital Markets set a $9.00 target price on shares of SRC Energy and gave the company a “hold” rating in a report on Sunday, August 13th. Robert W. Baird restated a “buy” rating and set a $12.00 target price on shares of SRC Energy in a report on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and set a $10.00 target price on shares of SRC Energy in a report on Friday, July 14th. Finally, Roth Capital set a $11.00 target price on shares of SRC Energy and gave the company a “buy” rating in a report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $11.40.

Shares of SRC Energy Inc (NASDAQ SRCI) opened at 8.04 on Wednesday. SRC Energy Inc has a one year low of $5.87 and a one year high of $10.38. The company has a market cap of $1.62 billion and a PE ratio of 47.57. The stock’s 50 day moving average is $7.96 and its 200-day moving average is $7.58.

SRC Energy (NASDAQ:SRCI) last announced its quarterly earnings results on Thursday, August 3rd. The oil and natural gas company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $75.04 million for the quarter, compared to analyst estimates of $68.08 million. SRC Energy had a return on equity of 12.75% and a net margin of 37.23%. Equities research analysts expect that SRC Energy Inc will post $0.60 earnings per share for the current year.

About SRC Energy

SRC Energy Inc, formerly Synergy Resources Corporation, is an independent oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas.

Institutional Ownership by Quarter for SRC Energy (NASDAQ:SRCI)

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